Technical analysis by Algo_Trading_Mql5 about Symbol PAXG: Buy recommendation (9/1/2025)

XAU/USD (Gold Spot vs USD) daily chart. Let’s analyze it carefully: --- Current Market Context Pair: Gold Spot / USD Timeframe: 1D (Daily) Current Price: ~3,474.9 Trend: Strong bullish breakout from a long consolidation range (above ~3,380–3,400 zone). Indicators: Price is trading well above the Ichimoku cloud, showing strong upward momentum. --- Targets 1. Immediate Target: Around 3,520 – 3,530 This is the next minor resistance after the breakout. Possible short-term profit booking zone. 2. Major Target (as marked on your chart): 3,600 – 3,605 This aligns with my chart’s “Target Point.” It is a psychological round number resistance level. If bullish momentum continues, price could test this area in the coming sessions/weeks. --- Trade Plan Entry Zone: Around 3,470 – 3,480 (current levels). Take Profit 1: 3,520 – 3,530. Take Profit 2: 3,600 – 3,605. Stop Loss (Protective): Below breakout zone (~3,380). --- ⚠ Note: Gold is very sensitive to US Dollar strength, Fed announcements, and economic data. If USD strengthens sharply, it could pull Gold back into the breakout zone.trade active